Continuing aggressive bidding, Hindalco Industries has bagged one more mine in the ongoing coal auction, taking the total number of blocks won by the firm to three that includes two in Chhattisgarh and one in Jharkhand.

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Business Profile

Hindalco Industries (Bombay Stock Exchange: 500440), a flagship company of the Aditya Birla group, is structured into two strategic businesses aluminum and copper. HINDALCO commenced its operations in 1962 with an aluminum facility in Renukoot, Uttar Pradesh. Birla Copper, HINDALCO`s copper division is situated in Dahej, Bharuch district, Gujarat.

The aluminum division`s product range includes alumina chemicals, primary aluminum ingots, billets, wire rods, rolled products, extrusions, foils and alloy wheels. It enjoys a domestic market share of 42% in primary aluminum, 63% in rolled products, 20% in extrusions, 44% in foils and 31% in wheels. To provide value-added products and services, HINDALCO has launched several brands in recent years, which include Aura for alloy wheels, Freshwrapp for kitchen foil and Everlast for roofing sheets. The copper plant produces copper cathodes, continuous cast copper rods and precious metals like gold, silver and platinum group metal mix. Sulphuric acid, phosphoric acid, di-ammonium phosphate, other phosphatic fertilizers and phospho-gypsum are also produced at this plant.

Hindalco Industries has a 51% shareholding in Aditya Birla Minerals which has mining and exploration activities focused at the Nifty copper operation and the Mt Gordon copper operation in Australia. The company has two R&D centers; the Belgaum Research and Development Center in Belgaum, Karnataka and Taloja Research and Development Center in Taloja, Maharashtra. They have been recognized by the Government of India`s Department of Scientific and Industrial Research (DSIR).

Competition

National Aluminium Company - National Aluminium Company, a public sector unit, is Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. [1]